This exceptional 0.52-acre commercial property is located on Greenville's highly desirable Wade Hampton Boulevard, a key area targeted for significant development as outlined in the GVL2040 and Wade Hampton Boulevard Strategic Plans. The property boasts a 2,400 square foot building currently zoned MX-2, suitable for either office or retail use, although demolition to accommodate new construction is a viable option. Its strategic location offers significant advantages, including 146 feet of frontage on Wade Hampton Boulevard, providing excellent visibility and accessibility. A secondary access point on Dupont Drive further enhances convenience and logistical flexibility. This mixed-use land presents a rare opportunity to capitalize on the burgeoning growth and development within this thriving Greenville corridor. The property's versatility and prime location make it an ideal investment for developers and businesses seeking a high-impact presence in a rapidly expanding market. The existing building provides immediate income potential or a solid foundation for redevelopment. Don't miss this chance to secure a piece of Greenville's vibrant future.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$7,020,900
6.5%
$6,480,831
7%
$6,017,914
Comparable approach
Method
Valuation
Relative Method
$4,672,468
Geo Method
$4,672,468
Alternative Use
Use
Valuation
Residential
$5,466,824
Hospitality
$5,007,581
Educational
$4,166,248
Medical
$4,309,532
Retail
$6,480,831
Location Insight
City
Greenville
County
Greenville
State
South Carolina
Latitude
34.8644
Longitude
-82.3819
CBSA code
24860
CBSA name
GREENVILLE-ANDERSON, SC METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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